Month: April 2024

100x Or Bust? Solana Investors Bet Big On This Wild Memecoin

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The world of cryptocurrency can be a curious place. While established coins like Bitcoin and Ethereum, and even Solana dominate headlines, a new breed of tokens – meme coins – have captured the imagination (and wallets) of a growing number of investors. These coins, often featuring playful mascots and fueled by online hype, can experience explosive growth, but also come with a significant risk of volatility and even scams. Enter Slothana (SLOTH), the latest Solana-based meme coin making waves in the crypto community. Launched just recently, Slothana has garnered significant…

$115-Million Bitcoin Whale Wakes Up From 10-Year Slumber

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Bitcoin is still pushing a price recovery on its quest to return to the $70,000 price level. This has seen the cryptocurrency now trading above $69,000, up by 1.6% in the past 24 hours. This price fluctuation has occurred in the middle of increased accumulation activity from some whales and some short-term holders.  Blockchain analytics platform Lookonchain has revealed an instance of whale activity on social media. An interesting transaction came from a whale wallet which recently woke up after 10 years of dormancy to transfer 246 BTC worth $16.73…

Market of ‘Extreme Greed’ Persists Amid Unprecedented June Bitcoin Perpetual Futures Sell-Off

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In the past 24 hours, the cryptocurrency market experienced a modest increase of 2.16% against the U.S. dollar, with bitcoin’s value lingering slightly above the $69,000 threshold. The Crypto Fear and Greed Index (CFGI) indicates that the market’s mood remains in an “extreme greed” phase. Market Sentiment Swings Between ‘Greed’ and ‘Extreme Greed’ Despite Bitcoin’s […] Original

Former FTX Associates Enter Crosshairs, Bitcoin Halving Inches Closer, and More — Week in Review

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After the sentencing of Sam Bankman-Fried to nearly 25 years in prison for his role in FTX’s financial mismanagement, attention shifts to his former associates. The cryptocurrency world eyes the upcoming Bitcoin halving, expected between April 18 to April 22, 2024. Blackrock’s Ishares Bitcoin Trust (IBIT) sees its holdings skyrocket past 252,011 BTC. Ethena announces […] Original

Dogecoin Rally Intensifies: Eyes Set On Historic New Highs

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After a retracement from its current high of $0.22960, the price of Dogecoin (DOGE) looks like it is not yet done as the memecoin bounced back and moving toward its current high. Dogecoin Price Technical Analysis Dogecoin is one of the few memecoins that have captured the hearts of many crypto investors. Like Shiba Inu and Pepecoin (PEPE), Dogecoin is backed up by a strong and exciting community which has played a huge role in its success so far.  At the time of writing, the price of DOGE was trading…

111,000 BTC Move Out Of Exchange Wallets In A Month

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The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According to a recent on-chain observation, the BTC supply on exchanges has been on a steady decline over the past few months. This trend has sparked discussions on what this could mean for the Bitcoin price, both in the short and…

Genesis Acquire Over 32,000 BTC After Offloading GBTC Shares

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Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale GBTC holdings to acquire a substantial amount of Bitcoin in order to implement its repayment strategy.  Genesis Converts GBTC Shares To Bitcoin In Preparation For Debt Settlement According to a Friday report by Bloomberg Law, Genesis finalized the sale of its 36 million GBTC shares, as revealed by the company’s…

Australian Asset Management Firm Transfers Bitcoin ETF Application to Cboe Australia

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Monochrome Asset Management, an Australian investment management firm, has transferred its bitcoin exchange-traded fund (ETF) application to Cboe Australia. This move aligns with Monochrome Asset Management’s objective of broadening its footprint in Asian markets. Monochrome’s Commitment to Investors Evident in Application Transfer Monochrome Asset Management, an investment management firm based in Australia, announced on April […] Original

Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy

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The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […] Original